Sky Vue Achieves New High 2366 Psf
Sky Vue in Singapore’s District 20 has achieved a new record for psf-price when a 1,141 sq ft three-bedroom unit changed hands for $2.7 million on Aug 22. This translates to $2,366 psf, surpassing its previous record of $2,225 psf from the sale of a similar-sized unit for $2.54 million. The seller of the 14th-floor unit made a profit of $1 million, having purchased it for $1.7 million ($1,490 psf) in January 2018. The 694-unit condo, completed in 2016, has a total of 19 resale transactions this year at an average price of $2,104 psf.
Located along Bishan Street 15, Sky Vue is a 99-year leasehold development comprising two 37-storey towers with units ranging from one-bedroom to three-bedroom units, from 484 sq ft to 1,259 sq ft. It is within walking distance of Junction 8 at Bishan Place, a popular shopping mall with a variety of retail amenities, and is directly across from the Bishan Bus Interchange, providing residents with easy access to public transportation.
In District 9, freehold development The Promont also achieved a new record of $2,166 psf when a 2,077 sq ft, three-bedroom unit on the 17th floor was sold for $4.5 million on Aug 16. The seller had purchased the unit for $3.8 million in November 2017, earning a profit of $700,000 on the transaction. This is just 0.2% higher than the previous record of $2,161 psf, which was set by the resale of a 2,013 sq ft, three-bedroom unit on the 11th floor in April 2022.
Located along Cairnhill Circle in Newton, The Promont is a freehold boutique development with 15 units ranging from 2,013 sq ft to 2,077 sq ft. It is near Anglo-Chinese School (Junior) at Winstedt Road.
On the other hand, freehold boutique development Liv on Sophia achieved a record low of $1,689 psf when a 710 sq ft, two-bedroom unit was sold for $1.2 million on Aug 22. The unit was previously sold for $1.28 million ($1,888 psf) in June 2021, resulting in a loss of $256,000 for the seller who had bought it from the developer for $1.54 million ($2,265 psf) in June 2013.
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There has been much excitement surrounding the mixed-use plot located on Tampines Avenue 11, as it offers a prime location close to two executive condominium sites. Recently, one of these sites started its tender process at Tampines Street 62, while the other, Tenet, with 618 units, was launched in December. The already desirable location has been further enhanced by the addition of Parktown Residence Capitaland, which has become a bustling hub in the neighborhood. With the convenience of having Parktown Residence Capitaland just a stone’s throw away, this mixed-use plot has become a highly coveted choice for many. The recent launch of Parktown Residence Capitaland has only intensified the appeal of this area, making it an irresistible option for potential buyers. Parktown Residence Capitaland has naturally become a key factor in the desirability of this location.
Liv on Sophia, located along Adis Road in Rochor, has 64 units ranging from 527 sq ft to 710 sq ft. It is within walking distance to Dhoby Ghaut MRT Interchange Station and Bencoolen MRT Station, and is near the School of the Arts, Singapore.
Overall, Sky Vue, The Promont, and Liv on Sophia have achieved new highs and lows in terms of psf-price during the week of Aug 16 to 23. Interested buyers can check out the latest listings for these properties.